TaxTMI 
TaxTMI 
Jammu and Kashmir Reimbursement of Taxes for promotion of Small/Medium/Large Scale Industries in the State of Jammu and Kashmir
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....in in force till the last date of Industrial Policy, 2016. 1.1 Objective The State Government in recognition of the hardships arising due to withdrawal of remission from payment of Value Added Tax has decided that it would provide budgetary support to the eligible units by way of part reimbursement of the Goods and Services Tax, paid by the unit after adjustment of Input Tax Credit on supply of finished goods manufactured by the Industrial Units located in the State of Jammu and Kashmir except those falling in Annexure-A. 2. Definitions 2.1 Eligible unit' means a manufacturing unit which was registered as on 7-7-17 in the Jammu and Kashmir Value Added Tax Act,2005 (now repealed) and also formally registered with the Department of Industries and Commerce/Directorate of Handicrafts Handloom except the following: (a) units manufacturing goods mentioned in Annexure-A to this notification (b) units eligible for re imbursement under SRO 519 dated 21-12-17 2.2 'Specified goods' means the goods manufactured by the Industrial Units as have been allowed by the Department of Industries and commerce/ Handloom/Handicrafts/Jammu and Kashmir Khadi and Village Industries Bo....
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....raudulent activity and, without prejudice to any other action under law may invite denial of benefit under the scheme ab-initio. The units will have to declare total procurement of inputs from unregistered suppliers and from suppliers working under Composition Scheme under Jammu and Kashmir Goods and Services Tax Act, 2017. The grant of reimbursement under the scheme shall be subject to compliance of provisions relating to any other law in force. The manufacturer applying for benefit under this scheme for the first time shall also file the following documents in the office of the concerned Assessing Authority; namely:- (a) Registration certificate issued by Department of Industries and Commerce or Directorate of Handicrafts /Handlooms or Jammu and Kashmir Khadi and Village Industries Board or SICOP (b) A declaration and a certificate as per Annexure-B, to be submitted on one time basis. (c) An Affidavit-cum-indemnity bond, as per Annexure-C, to be submitted on one time basis, binding itself to pay the amount repayable if any. (d) Any other document evidencing the details required in clause (a) to (c) may be accepted with the approval of the Jurisdictional Additional Commiss....
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....gistrant under the given GSTIN. Explanation: Industrial Units having Annual Turnover of more than ₹ 1.5 Crores shall mandatorily submit Annexure "D" duly certified by a Chartered Accountant. 3.6 Under GST, one business entity having multiple business premises would generally have one registration in the State in such situations where inputs are received from another business premises (of supplying unit) of the same registrant (GSTIN), the details of input tax credit of State Tax availed by the supplying unit for supplies to the eligible unit shall also be submitted along with the claim form as prescribed in Annexure "D" or any other format as may be notified by the Commissioner. 3.7 The Industrial Units eligible for reimbursement of taxes shall have to stamp the supply invoices conspicuously with the words, "FOR SUPPLY/ CONSUMPTION IN THE STATE OF JAMMU AND KASHMIR ONLY''. 3.8 The Scheme shall be available to only those industrial units who provide employment to permanent residents of the State of Jammu and Kashmir as per guidelines of Industrial Policy, 2016. 3.9 The industrial units making purchases partly from the persons operatin....
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....issioner Commercial Taxes for consolidation and submission to Government. 5.4 The concerned nodal officer shall credit the GST amount in the declared bank accounts of the industrial units referred to in the information forwarded by respective Additional Commissioners within seven days of receipt of consolidated information from the concerned Additional Commissioner. 5.5 The nodal officer shall intimate the Commissioner Commercial Taxes the amount disbursed to the beneficiary industrial units. 6. Repayment By Claimant/ Recovery And Dispute Resolution 6.1 The reimbursement allowed is subject to the conditions specified under the scheme and in case of contravention of any provision of the scheme/ notification, the reimbursement shall be deemed to have never been allowed and any inadmissible reimbursement including the budgetary support paid for the past period under this scheme shall be recovered alongwith an interest @16% per annum thereon. In case of recovery or voluntary adjustment of excess payment, repayment, recovery or return, interest shall also be paid by unit at the rate of fifteen per cent per annum calculated from the date of payment of refund till the date of repa....
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.... Repacked goods 2 Bricks and Tiles 3 Soft drinks 4 Edible Oil and Vanaspati 5 Screen printing of glazed 6 Cutting and stitching of doormat out of coir, jute and decor (wall to wall) 7 Cutting of marble/granite (except locally extracted and processed marble stones). 8 Repair and servicing of Automobiles 9 Sweetmeats (excluding toffees candy etc.) 10 Cycles/Tricycles 11 Televisions, Air Conditioners, Refrigerators and Washing Machines, when assembled and manufactured by the industrial units located in the State and sold under the brand name of other products. 12 Tobacco and its products. 13 Products manufactured by hot mix plants. 14 Cutting and grinding of glass, itching, silvering, beveling, frosting and designing of glass. 15 Incandescent bulbs. 16 Arms and ammunition including accessories thereof. 17 Tea (processed/unprocessed). Annexure-B Declaration Name of the Industrial Unit: . . . . . . . . . . . . GSTIN: . . . . . . . . . . . . Registration No . . . . . . . . . . . . (Department of industries/handloom/ handicrafts) Bank A/c No: . . . . . . . . . . . . Bank Name: . . . . . . . . . . . . Bank Branch: . . . . . . . . . . . . I....